SCHD vs TMAT
Schwab US Dividend Equity ETF vs Main Thematic Innovation ETF
Which is better, SCHD or TMAT?
Large Cap Value against All Cap Blend.
SCHD has a lower expense ratio. SCHD led over 1Y, 5Y and the full window, TMAT over 3Y. TMAT is less concentrated, with 26.9% of the fund in its ten largest positions against 41.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SCHD | TMAT |
|---|---|---|
| Expense Ratio | 0.06%Best | 0.82% |
| AUM | $112.2B | $249M |
| Dividend Yield | 3.13% | 0.02% |
| Holdings | 103 | 89 |
| YTD Return | +27.56%Best | +11.82% |
| 1Y Return | +30.29%Best | +12.10% |
| 3Y Return (annualized) | +16.37% | +24.62%Best |
| 5Y Return (annualized) | +10.23%Best | +3.73% |
| Volatility (annualized) | 14.6%Best | 27.9% |
| Max Drawdown | -16.9%Best | -58.5% |
| $10,000 over 5 years | $16,274Best | $12,009 |
| Top 10 Weight | 41.5% | 26.9%Best |
| Fund Family | Charles Schwab Asset Management | Main Management ETF Advisors, LLC |
| Category | Equity | Equity |
| Style | Large Cap Value | All Cap Blend |
| Inception | Oct 20, 2011 | Jan 28, 2021 |
Volatility and max drawdown are measured over the window both funds cover: Jan 29, 2021 to Sep 4, 2026 (5.6 years).
SCHD vs TMAT growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.6 years both funds cover.
SCHD vs TMAT Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Main Thematic Innovation ETF (TMAT) is an ETF from Main Management ETF Advisors, LLC. Over the past year SCHD returned +30.29% while TMAT returned +12.10%. Year to date, SCHD is up 27.56% versus a gain of 11.82% for TMAT.
Over three years, SCHD compounded at +16.37% per year against +24.62% for TMAT; over five years the annualized figures are +10.23% and +3.73% respectively. Across the full 6-year window we track, SCHD has the edge at +13.10% annualized vs +2.52%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TMAT has been the more volatile fund, with annualized monthly volatility of 27.9% compared with 14.6% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.9% for SCHD and -58.5% for TMAT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.38. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SCHD charges 0.06% per year while TMAT charges 0.82%. On a $10,000 position that is $6 vs $82 annually, a gap of $76 per year that compounds over a long holding period. On income, SCHD currently yields 3.13% against 0.02% for TMAT.
Holdings Overlap
We hold position weights for 100 holdings in SCHD and 97 in TMAT, totalling 100.0% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 100 positions we hold weights for in SCHD and 97 in TMAT, against full books of 103 and 89.
What only one of them owns
Our book lists 78 positions for TMAT that do not appear in our book for SCHD (90.2% of the fund), and 99 for SCHD that do not appear in TMAT (99.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of SCHD and TMAT you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHD or TMAT?
SCHD has an expense ratio of 0.06% while TMAT charges 0.82%. SCHD is the cheaper option, by $76 a year on a $10,000 investment.
Which performed better, SCHD or TMAT?
Over the past year SCHD returned +30.29% vs +12.10% for TMAT, so SCHD leads on 1-year performance. Over the longest common window we track (6 years), SCHD annualized +13.10% vs +2.52% for TMAT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or TMAT?
TMAT has been the more volatile fund at 27.9% annualized versus 14.6% for SCHD. Worst drawdown: SCHD -16.9% vs TMAT -58.5%.
Should I hold both SCHD and TMAT?
SCHD and TMAT have a monthly-return correlation of 0.38, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SCHD or TMAT?
SCHD yields 3.13% while TMAT yields 0.02%, so SCHD currently pays the higher dividend yield.
Is TMAT better than SCHD?
SCHD has a lower expense ratio. SCHD led over 1Y, 5Y and the full window, TMAT over 3Y. TMAT is less concentrated, with 26.9% of the fund in its ten largest positions against 41.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.